Woodside Sells Pluto Gas to Chubu

Woodside advises that it has signed a sales and purchase agreement (SPA) with Chubu Electric Power Co. Inc. (Chubu Electric) for the supply of up to approximately 1.5 million tonnes of liquefied natural gas (LNG) over a three year period starting in April 2014.

LNG delivered to Chubu Electric under the SPA will primarily be sourced from previously uncommitted volumes from Woodside-operated Pluto LNG.

Other terms of the agreement are commercial-in-confidence.

Woodside CEO, Peter Coleman said the agreement added to the company’s long-term relationships with major Japanese energy buyers.